Amundi buys into ‘smart beta’

France’s largest asset manager Amundi, has acquired a stake in one of the country’s smaller boutiques, in a move that should promote the development of “smart beta”, a relatively inexpensive investment approach that combines elements of passive and active asset management.

TOBAM and Amundi sign partnership

Paris, May 22nd, 2012 – Amundi and TOBAM today announced the signature of a strategic partnership. This partnership includes: –       A distribution agreement under which Amundi, with its wide-reaching international distribution capabilities, will make TOBAM’s Anti-Benchmark strategies available to its clients. –       The acquisition of a 17.5% minority equity stake by Amundi in TOBAM, acquired…